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KARACHI: Tuba Hassan’s 35 and Fatima Zahra’s three wickets helped Stars edge Challengers by six runs in the qualifier of the National Women’s T20 Tournament at the National Bank Stadium on Thursday. The win means Stars will take on Conquerors in the final of the tournament, scheduled to be held on Saturday. After opting to bat first, Stars posted 134 for eight in the allotted 20 overs. Batting at number six, right-handed Tuba top-scored with a 24-ball 35, which included three fours and a six. Opener Huraina Sajjad contributed 34 off 32, hitting fours boundaries. Wicket-keeper/batter Sidra Nawaz consumed 34…

LAHORE: The warm summer night here at the Gaddafi Stadium on Thur­sday was too much for Lah­ore Qalandars to be able to display energy in the field, but the home side was clinical otherwise. Despite dropping catc­hes and leaking boundaries, Qalandars bowled and batted with authority in the HBL Pakistan Super League (PSL) Eliminator to knock Karachi Kings out of the tournament with a six-wicket win. Bowling first, Qalandars restricted Kings to 190-8 as Haris Rauf took three wickets before Abdullah Shafique’s (65 off 35, three fours and five sixes) half century helped them chase the target with eight balls…

Sarah Jo Marcotte, an educator from Vermont, holds a sign that reads “Here for my students!! Cuts Hurt.” outside of the U.S. Department of Education on March 20, 2025 in Washington, DC.Anna Moneymaker | Getty Images’Good news for students’In the injunction on Thursday, the judge pointed out that the staff cuts led to the closure of seven out of 12 offices tasked with the enforcement of civil rights, including protecting students from discrimination on the basis of race and disability.The entire team that supervises the Free Application for Federal Student Aid, or FAFSA, was also eliminated, the judge said. (Around…

U.S. Speaker of the House Mike Johnson (R-LA) speaks to the media after the House narrowly passed a bill forwarding President Donald Trump’s agenda at the U.S. Capitol on May 22, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesHouse Republicans on Thursday advanced a multi-trillion-dollar tax and spending package that could have sweeping impacts on household finances.If enacted, the legislation — called the “One Big Beautiful Bill Act” — could make permanent President Donald Trump’s 2017 tax cuts, while adding new provisions that could significantly overhaul student borrowing, health savings accounts and car ownership, among other changes.With control of…

House Republicans on Thursday advanced President Donald Trump’s “big, beautiful” tax and spending bill, which includes a bigger child tax credit for some families.If enacted, the House bill would make permanent the maximum $2,000 credit passed via the Tax Cuts and Jobs Act, or TCJA, of 2017. Without action from Congress, that tax break will revert to $1,000 after 2025.The House bill would make the highest child tax credit $2,500 from 2025 through 2028. After that, the credit’s top value would revert to $2,000 and be indexed for inflation.More from Personal Finance:What the House Republican budget bill means for your moneyTax…

CNN  —  Mortgage rates are inching back toward 7%, highlighting the ongoing strain on US home buyers. The average rate on a standard, 30-year fixed mortgage was 6.86% in the week ending May 22, the highest level since mid-February, according to data released Thursday from Freddie Mac. Growing concern about the national debt impacted home borrowing rates this week. Mortgage rates track the benchmark 10-year Treasury yield, which climbed higher as bonds sold off after US federal debt was downgraded from a perfect rating by Moody’s Ratings on Friday. Yields continued rising into the week as Wall Street investors began…

In a vote early Thursday, House members approved President Donald Trump’s “big, beautiful” tax bill, including a new savings account for children with a one-time deposit of $1,000 from the federal government.Under the proposal, “Trump Accounts” — previously known as “Money Accounts for Growth and Advancement” or “MAGA Accounts” — can later be used for education expenses or credentials, the down payment on a first home or as capital to start a small business.  The final version of the bill that House Republicans passed Thursday could still face pushback in the Senate.More from Personal Finance:House Republican tax bill passes ‘SALT’ deduction cap of…

House Ways and Means Committee Chairman Jason Smith (R-MO) holds a news conference before a markup hearing in the Longworth House Building on Capitol Hill on May 13, 2025 in Washington, DC.Chip Somodevilla | Getty Images News | Getty ImagesHouse lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s tax package.Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there’s currently a $10,000 limit on the SALT deduction, and raising that cap has been a priority for certain House lawmakers in high-tax…

London CNN  —  JPMorgan Chase CEO Jamie Dimon isn’t ruling out stagflation in the United States, citing risks posed by large government budget deficits, including in America, and the disruption to global trade induced by US tariffs. The term refers to a nightmare combination of economic stagnation or even a recession and rising inflation. It’s a very tricky scenario for central banks to navigate: raising interest rates to rein in inflation risks stifling growth and pushing up unemployment, but cutting interest rates to juice the economy could stoke inflation. “There’s a chance that (we’ll) have stagflation (in the US),” Dimon…

New York CNN  —  In the spring of 2020, America faced a once-in-a-century health crisis that crashed the economy and threatened the lives of millions. Republicans and Democrats came together to pass a forceful, and expensive, emergency response that helped prevent permanent scarring to the economy. Today, America’s mountain of debt is casting a shadow over Washington’s financial capability to respond to the next emergency, whatever it might be. In a future crisis, Congress may not have as much firepower to come to the rescue because the government is already saddled with $36 trillion of debt. The nonpartisan Congressional Budget…